TROW
T. Rowe PricePrevious close
103.90
Change
−2.73 / −2.56%
P/E (TTM) ?
10.0
Market Cap
$22.2B
1M
−0.14%
S&P 500 −0.91% over same period
Volume / Avg Volume
3.6M / 2.0M
1.77× average
Latest earnings analysisFY2026 Q2Reported 2026-07-31
T. Rowe Price Q2 2026: revenue up 10.7%, but clients pulled out $6.5 billion
T. Rowe Price's second quarter of 2026 looks solid on the surface: revenue rose 10.7% to $1.91 billion, GAAP EPS jumped 28.6% to $2.88 and adjusted EPS of $2.57 edged past the $2.5493 consensus. The catch is that growth came from markets, not clients — net outflows were $6.5 billion and the fee rate slipped to 38.1 basis points. Read the GAAP profit line carefully: a big slice of it is investment gains.
Read the full analysis →Revenue$1.91BYoY +10.70%
EPS (non-GAAP)$2.57Beatest. $2.55
Next-day move+1.57%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-31 | $1.9B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-30 | $1.9B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-04 | $7.3B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-31 | $1.9B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-08-01 | $1.7B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-05-02 | $1.8B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 6 of its 5-year rangeCheap
5-year range 9.8 – 15.6 · Median 12.2
Last 4 quarters: $640M in buybacks + $1.1B in dividends, 8.04% of market cap combined
P/E (TTM)
10.0
P/B
2.0
P/S
2.9
Dividend Yield
4.97%
Earnings Reaction
Over the last 6 reports, the stock moved ±1.8% on average on the first trading day after, rising 3 times
Most recent +1.57%
Volatility & Correlation
1-year beta 0.80 · Correlation with S&P 500 0.43Tracks the market
Annualized volatility 24% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 1 · $1.1MNet selling $1.1M
- 08-25Nelson Joshua BVice PresidentSell$1.1M10,000 shares · Avg price 111.82
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 2.00 | +5.9% | — | 0.61 | 2.79 |
| FY2026 Q2 | 1.91 | +10.7% | — | 0.63 | 2.88 |
| FY2026 Q1 | 1.86 | +5.3% | — | 0.50 | 2.23 |
| FY2025 Q4 | 1.93 | +6.0% | — | 0.45 | 1.98 |
| FY2025 Q3 | 1.89 | +6.0% | — | 0.65 | 2.87 |
| FY2025 Q2 | 1.72 | −0.6% | — | 0.51 | 2.24 |
| FY2025 Q1 | 1.76 | +0.8% | — | 0.49 | 2.15 |
| FY2024 Q4 | 1.82 | +11.1% | — | 0.44 | 1.91 |
| FY2024 Q3 | 1.79 | +6.9% | — | 0.60 | 2.64 |
| FY2024 Q2 | 1.73 | +7.6% | — | 0.48 | 2.11 |
| FY2024 Q1 | 1.75 | +13.8% | — | 0.57 | 2.49 |
| FY2023 Q4 | 1.64 | +7.7% | — | 0.44 | 1.90 |